Two Sigma Advisers LP Sells 104,700 Shares of RH (NYSE:RH)

Two Sigma Advisers LP reduced its position in RH (NYSE:RH) by 65.6% in the 4th quarter, HoldingsChannel reports. The firm owned 54,900 shares of the company’s stock after selling 104,700 shares during the period. Two Sigma Advisers LP’s holdings in RH were worth $21,608,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RH. Tabor Asset Management LP bought a new stake in RH in the fourth quarter valued at approximately $5,152,000. Sender Co & Partners Inc. increased its holdings in shares of RH by 283.8% during the 4th quarter. Sender Co & Partners Inc. now owns 4,252 shares of the company’s stock worth $1,674,000 after acquiring an additional 3,144 shares during the last quarter. Riverview Capital Advisers LLC bought a new stake in RH in the 4th quarter valued at $216,000. Polar Asset Management Partners Inc. raised its stake in RH by 321.4% in the 4th quarter. Polar Asset Management Partners Inc. now owns 17,700 shares of the company’s stock valued at $6,967,000 after acquiring an additional 13,500 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in RH by 7.5% during the 4th quarter. ProShare Advisors LLC now owns 700 shares of the company’s stock valued at $276,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

RH has been the topic of several research reports. Stifel Nicolaus decreased their price objective on shares of RH from $450.00 to $390.00 and set a “buy” rating on the stock in a report on Monday, April 7th. Guggenheim decreased their price target on shares of RH from $500.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Bank of America increased their price target on shares of RH from $144.00 to $172.00 and gave the company an “underperform” rating in a report on Wednesday, May 14th. Robert W. Baird cut their price objective on shares of RH from $400.00 to $215.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley decreased their target price on RH from $530.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $275.94.

RH Price Performance

Shares of NYSE:RH opened at $207.54 on Wednesday. The business’s 50 day simple moving average is $197.38 and its 200 day simple moving average is $312.87. RH has a 1 year low of $123.03 and a 1 year high of $457.26. The company has a market capitalization of $3.89 billion, a P/E ratio of 59.64, a P/E/G ratio of 2.65 and a beta of 2.36.

RH (NYSE:RH) last released its earnings results on Wednesday, April 2nd. The company reported $1.58 earnings per share for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.33). The company had revenue of $812.41 million for the quarter, compared to the consensus estimate of $828.21 million. RH had a net margin of 2.25% and a negative return on equity of 35.72%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate that RH will post 4.39 EPS for the current fiscal year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.